Team Leader Cash Allocations

This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

Job Description

Business Job Title: Team Leader Cash Allocations

Career Band: 05

Career Track: Management

Position Location: Manila, Philippines

Direct Reports: Yes

Joining Thermo Fisher Scientific means engaging in stimulating tasks and collaborating with a team that prioritizes excellence, precision, and creativity. You will thrive in a dynamic, expanding international company that supports your success. With a $40 billion revenue and leading R&D investments, we empower our employees to have a meaningful impact globally.

Position Summary

Lead the Cash Allocations team, ensuring team operations and performance meet objectives. Manage daily bank statement processing, achieve AR targets, and uphold SLAs. Drive effective team management and engagement.

The role would suit a candidate with excellent rapport building ability, strong verbal and written communication skills, and strong people management and leadership skills. Experience in cash allocations and a passion to achieve critical metrics are crucial to fully grasp the complexity of the role.

Responsibilities

• Tasked with managing team performance and facilitating growth by conducting regular one-on-one sessions and portfolio assessments.
• Attain the teams objectives through daily oversight of Key Performance Indicators concerning cash application and compliance with Service Level Agreements.
• Take charge of the reconciliation process to guarantee a robust receivable, working closely with the credit & collections teams.
• Work closely with the Credit & Collections, Treasury, and Accounting teams to enhance quality and cash flow while streamlining processes.
• Provide support in resolving unreconciled items and unknown customer receipts.
• Maintain accurate documentation and information in compliance with existing processes and regulations.
• Ensure smooth performance of month-end activities such as account reconciliation, general ledger close, and cash reporting.
• Collaborate effectively with Internal and External Audit teams to facilitate testing procedures.
• Drive a culture of continuous process improvements with the goal of creating lean processes and standardization.
• Offer timely access to leaders regarding unresolved complex team cases.
• Undertake other projects and responsibilities as assigned.
• Ensure the performance of all tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements.
• Align with equal employment opportunity laws, regulations, and company policies related to discrimination in hiring, performance managing, promotion, and compensation, including sexual harassment.
  
  

Skills & Qualifications Required

• Skills:
  
  

Strong leadership skills with the ability to inspire and motivate team members, set clear expectations, and provide guidance and support.

• Effective communication skills are critical to convey expectations, provide feedback, and lead successful negotiations.
  
  

Strong problem-solving skills to handle complex situations, identify root causes, and develop effective solutions.

• Excellent organizational skills: ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines.
  
  

Collaborating with other departments, including Credit & Collections, Treasury, and Accounting teams.

• Flexibility and adaptability to changing business needs and priorities.
  
  

Excellent attention to detail to ensure accuracy in processing, documentation, and reporting.

• Solid understanding of basic and advanced accounting principles.
• Qualifications and experience:
  
  

Fluent in English.

• University or College degree.
  
  

Proficiency in Microsoft Office software (Outlook, Excel, etc.) is required.

• Previous experience in leading an operational team in accounts receivable function in a Shared Service Centre is preferred.
  
  

Proven experience and capability to handle at least one ERP (SAP, Oracle, JD Edwards, etc.).

At Thermo Fisher Scientific, each one of our 100,000 extraordinary minds has a unique story to tell. Join us and contribute to our singular mission - enabling our customers to make the world healthier, cleaner, and safer!

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